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§ Equity benchmarks witnessed carnage for third consecutive week and the reasons were: the housing finance scam unearthed by CBI, sell-off in global markets due to Korean fears and credit concerns in Europe. Political instability due to 2G spectrum scam could be another reason for sell-off. On Friday, the Sensex ended on a low note on the back of profit booking in index heavyweights. Realty, consumer durables, metal, power and FMCG led the decline.
§ The 30-share BSE Sensex closed at 19136, down 181 points, and the 50-share NSE Nifty was at 5752, down 48 points.
§ Gainers were Tata Consultancy Services (1.88%), Cipla (1.61%), State Bank of India (1.59%), Tata Power Company (1.03%), I C I C I Bank (0.95%), and Oil & Natural Gas Corporation (0.40%).
§ Losers were Jaiprakash Associates (8.65%), Reliance Energy (5.51%), Reliance Communications (4.89%), Sterlite Industries (India) (4.37%), Jindal Steel & Power (4.29%), and Tata Motors (2.85%).
§ The Realty index was down 5.35%. Major losers were Indiabulls Real Estate (13.05%), D B Realty (9.99%), Ackruti City (6.63%), Anant Raj Industries (5.73%), and D L F (2.12%).
§ The Consumer Durables space was down 3.58%. Major losers were Gitanjali Gems (12.15%), Rajesh Exports (4.56%), Blue Star (4.19%), Bajaj Electricals (3.94%), and Whirlpool of India (0.74%).
§ The IT index was up 0.32%. Major gainers were Patni Computer Systems (2.25%), H C L Technologies (2.23%), Tata Consultancy Services (1.88%), and Mphasis (1.16%).
§ Globally, Asian indices ended on a weak note while Europe was trading flat.
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